Reinsurance News
Reinsurance trading platform Supercede has announced the appointment of Deeva Chamdal as Technical Reinsurance Consultant. In her role, Chamdal will be based in London and report to Jess McCausland, Head of Client Success. Tom Spier, Chief Commerc...
Posted: Oct 29, 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indi...
Posted: Oct 29, 2024
MIJS Captive Management, LLC has partnered with International Re (I-RE), a specialist captive insurance and reinsurance MGA, to help MIJS’s mid-market clients take on part of their own commercial property and casualty (P&C) insurance risk in a...
Posted: Oct 29, 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums reached almost €6.3 billion in the first nine months of 2024, up 3.5% from last year, while the net result hit €207 million. MAPFRE RE’s premiu...
Posted: Oct 29, 2024
WTW, a global advisory, broking, and solutions company has launched WTW Broker Japan Co., Ltd., an insurance brokerage service which expands the company’s Corporate Risk & Broking (CRB) business in Japan. The new retail brokerage will of...
Posted: Oct 29, 2024
Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has appointed John Catrabone as Vice President of Carrier Relations, based out of Ohio, US. In this role, Catrabone will manage and grow carrier rel...
Posted: Oct 29, 2024
Hiscox, a specialist insurer known for providing a range of insurance products, including coverage for businesses against various risks, recently released findings from their annual Cyber Readiness Report. The report reveals that two-thirds of org...
Posted: Oct 29, 2024
Insuritas, an US embedded insurance provider for financial institutions, has partnered with Recoop Disaster Insurance to add Disaster Insurance into its platform. Through this strategic partnership, Recoop’s multi-peril disaster insurance pr...
Posted: Oct 29, 2024
Markel, the insurance division of Markel Group, has appointed Dena Furmanek as Senior Underwriter – Fine Art, North America, with immediate effect. Based in the Chicago area, Furmanek will report to Kyle McGrath, Head of US Fine Art. In her new ro...
Posted: Oct 29, 2024
The recent negative outlook revision for France does not impact the ratings of French insurers, except for CNP Assurances SA, which has also had its outlook revised to negative, according to Fitch Ratings. CNP’s revised outlook aligns with a...
Posted: Oct 29, 2024
Global broking group Aon estimates insurance industry losses from natural catastrophe events in the first nine months of 2024 of at least $102 billion, with the impacts of hurricane Milton and additional events expected in the rest of the year poi...
Posted: Oct 28, 2024
Porch Group, a homeowners insurance and vertical software platform, has been approved by the Texas Department of Insurance (TDI) to form and licence Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange. PIRE&#...
Posted: Oct 28, 2024
Else Group, a company specialising in insurance solutions, and ViVet, its UK-based Managing General Agent (MGA) and Lloyd’s Coverholder, are pleased to announce the appointment of Alex Dalton as Managing Director of ViVet. Through this appointment...
Posted: Oct 28, 2024
So far, policyholders of the National Flood Insurance Program (NFIP) have filed more than 54,000 claims following Hurricane Helene, the U.S. Federal Emergency Management Agency (FEMA) has reported. Helene was the sixth named storm of the 2024 Atla...
Posted: Oct 28, 2024
Tysers, an independent Lloyd’s broker and member of the Australian AUB Group, has announced the appointments of Babita Rai as CEO for Singapore and William Furness-Smith as Head of Marine, APAC. As CEO of Tysers Singapore, Rai will focus on expand...
Posted: Oct 28, 2024
Scottish insurtech Broker Insights, whose platform helps brokers to better understand their business and connect with insurers, has announced its launch in the United States. Broker Insights’s platform, Vision, has been specifically tailored for t...
Posted: Oct 28, 2024
The parent of the Liberty Mutual Insurance group of entities, Liberty Mutual Holding Company, Inc., has revealed that it expects losses related to hurricane Helene of approximately $550 million (pre-tax) in its third quarter results, and losses of...
Posted: Oct 28, 2024
Ascot, the Bermuda-domiciled global specialty insurer, has announced the promotion of two senior leaders: Michael Grayston as Group Treasurer and Chief Investment Officer (CIO), and Sarah Thompson as Group Chief Accounting Officer. In his newly ex...
Posted: Oct 28, 2024
The Australian Reinsurance Pool Corporation (ARPC), a government-backed provider of reinsurance for terrorism-related risks, has released its 2023-24 Annual Report, posting an operating result of $710.1 million. During this time, ARPC received a t...
Posted: Oct 28, 2024
Global insurance and reinsurance broking group Aon has announced the retirement of Jeff Polisenof following a distinguished 30-year career in aerospace broking and risk management. As Poliseno steps down, Jared Ball will take on additional respons...
Posted: Oct 28, 2024
Gallagher has further expanded its services with the launch of alternative risk management solutions in the Abu Dhabi Global Market (ADGM) through its wholly-owned subsidiary, Artex. This expanded suite of solutions available to clients leverages...
Posted: Oct 28, 2024
Gallagher has further expanded its services with the launch of alternative risk management solutions in the Abu Dhabi Global Market (ADGM) through its wholly-owned subsidiary, Artex. This expanded suite of solutions available to clients leverages...
Posted: Oct 28, 2024
The Inter-American Development Bank (IDB) has announced a new $1 billion securitisation transaction, Scaling4Impact, which includes a $100 million mezzanine tranche, of which a portion was sold to international investor Newmarket Capital, and the...
Posted: Oct 28, 2024
Price Forbes Bermuda has announced the promotion of Carrie Kelley to the role of Chief Executive Officer (CEO). In her new role, Kelley will oversee all Price Forbes Bermuda operations and report directly to Chris Bonard, CEO of Ardonagh Specialty...
Posted: Oct 28, 2024
With Ralph Beutter, the member of HDI’s Executive Board responsible for Specialty Lines, retiring on 31 May 2025, Dr Renate Strasser is set to join the company effective 1 April 2025, taking over his responsibilities. According to HDI, Beutt...
Posted: Oct 28, 2024